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Finance 1Q05 NBOD Status Report Rick Giraudy VP Finance

Finance 1Q05 NBOD Status Report Rick Giraudy VP Finance. February 5, 2005. Presentation Agenda. Organization Structure Program Enhancements Financial Metrics Challenges/Needs Budget Approval Next Quarters Activities Final Thoughts and Questions. Organizational Structure Changes.

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Finance 1Q05 NBOD Status Report Rick Giraudy VP Finance

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  1. Finance 1Q05 NBOD Status Report Rick Giraudy VP Finance February 5, 2005

  2. Presentation Agenda • Organization Structure • Program Enhancements • Financial Metrics • Challenges/Needs • Budget Approval • Next Quarters Activities • Final Thoughts and Questions 1Q05NBOD Meeting

  3. Organizational Structure Changes Marvin Neal (Greater Birmingham) Alberta Gordon (New Jersey) Open Vanessa Davis (Atlanta) • National Treasure – • Conference Treasure – • Membership Treasure – • BETF Liaison – 1Q05NBOD Meeting

  4. Program Enhancements • Added 12 chapters to the National 501(c)(6) Group for 2004 Tax Year • For 2005 Tax year will need your information before 1 July 2005 • Conference team selected the same tool for conference registration • eChecks application submitted • Taxes – Form 990 good source is http://efile.form990.org/ 1Q05NBOD Meeting

  5. Program Enhancements 1Q05NBOD Meeting

  6. Income Conf Corp Sales: $ In-Kind: $ Conf Registration: $ National Corp Sales: $ Membership: $ Expense Conf : $ HSCC: $ MM: $ MS: $ NO: $ Financial Metrics 1Q05NBOD Meeting

  7. Financial Metrics • AP (as of 12/31/2004) • $0.00 • AR (as of 12/31/2004) • $243,100 • Bank Balances (as of 12/31/2004) • Money Market - $173,033 • National - $72,719 • Conference - $30,719 • Cash Account Balance (as of 12/31/2004) • $24,240 1Q05NBOD Meeting

  8. Challenges/Needs • To many manual transaction • Checks, paper applications • Need to spread out more transactions • People working more then 5 hours a week • Invoices sent from membership database when adding new members – lots of “I already paid!” emails • Conference registration system setup in the ARC product 1Q05NBOD Meeting

  9. Approval/Motion Request • Entertain a motion to approve the 2005 Budget 1Q05NBOD Meeting

  10. Next Quarters Activities • Track budget vs actual numbers in QB • eCheck setup complete • American Express transactions setup • 2001-2002 Audits started • Train N. O. Staff to run financial reports • Continue to send out checks around the 1st and 15th of the month • Start & Complete 2004 990 1Q05NBOD Meeting

  11. Final Thoughts and Questions 2005 is my last year, we will have a new VPF in 2006. Will that be a member of your chapter? 1Q05NBOD Meeting

  12. Contact Information Rick Giraudy rick.giraudy@bdpamail.org Day: 770-690-7780 Cell: 404-798-7679 1Q05NBOD Meeting

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